Diamond

Diamond Market Worsens in September

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RAPAPORT PRESS RELEASE, October 12, 2023, Las Vegas… Diamond prices fell further in September as retail sales weakened amid competition from synthetics. Polished inventories were still high relative to sales expectations, despite lower production.

The RapNet Diamond Index (RAPI) for 1-carat diamonds fell 5.2%, making it the worst month for that category since the peak of the Covid-19 downturn in March 2020. The 0.30-carat RAPI dropped 3.5%, while the index for 0.50-carat goods slid 7.1% and 3-carat diamonds declined 2.5%.

The RAPI only reflects D to H colors and IF to VS2 clarities. Prices for 1-carat, DL, SI1-SI2 items on

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American man finds huge diamond on day out in park

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A man who picked up what he thought was a piece of glass at a state park says he later learned his jelly bean-sized find was something much more valuable: It was a 4.87-carat diamond.

Jerry Evans visited Crater of Diamonds State Park in Murfreesboro, Arkansas, for the first time with his girlfriend last spring, he told park officials.

Evans says about 10 minutes after they arrived, he spotted what looked like glass a few feet away on top of a plowed ridge, according to a news release.

Jerry Evans visited Crater of Diamonds State Park in Murfreesboro, Arkansas, for
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Diamond

“E! News” Reporter Loses 4-Carat Diamond Ring on 2024 Golden Globes Red Carpet

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While fashion emergencies aren’t anomalies on the red carpet (celebrities fit themselves into all kinds of couture ensembles for these high-profile moments), one reporter’s jewelry mishap at the 2024 Golden Globes, which took place on January 7, 2024 at the Beverly Hilton in Los Angeles, California, went beyond a simple broken strap or stiletto heel. E! News reporter Keltie Knight, who hit the red carpet in a crystal-studded pink from Khaled & Marwan Couture, signed onto Instagram mid-event to share that the crown jewel of her ensemble, a four-carat diamond ring she’d been wearing on that finger, had suddenly gone

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Diamond

Russia’s war sanctions: EU targets Alrosa, the world’s biggest diamond miner

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BRUSSELS (AP) — The European Union imposed sanctions on the world’s biggest diamond mining company and its chief executive officer on Wednesday as part of what it called its “unwavering commitment” to Ukraine in the war against Russia.

The move targeted Alrosa, which accounts for about 90% of Russia’s diamond production, and CEO Pavel Marinychev. The EU headquarters said the company “constitutes an important part of an economic sector that is providing substantial revenue” to Moscow.

It means Alrosa’s assets in Europe will be frozen and EU citizens and companies will be barred from making funds available to the company.

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Diamond Bourse chairman’s letter to resume operations in Mumbai | Mumbai news

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Barely a month after the grand inauguration of the Surat Diamond Bourse (SDB), promoters of Kiran Gems and Diamonds, one of the largest diamond companies in India, have chosen to return to Bharat Diamond Bourse (BDB) in Mumbai for now. Officials at SDB have said this is a temporary arrangement and the decision is grounded in the anticipation of a fully operational Surat bourse later this year.

The Diamond Bourse letter was inaugurated by Prime Minister Narendra Modi on December 17, 2023. (HT Archives)
The Diamond Bourse letter was inaugurated by Prime Minister Narendra Modi on December 17, 2023. (HT Archives)

Kiran Gems and Diamonds is chaired by Vallabh Lakhani, who also serves as the chairman of

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A 7-year-old discovers a 2.95-carat diamond while visiting a state park

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CNN
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A lucky youngster got the birthday gift of a lifetime when he discovered a 2.95-carat golden brown diamond in Arkansas.

The budding gemologist discovered the diamond while celebrating her seventh birthday at the Crater of Diamonds State Park in Murfreesboro, Arkansas, according to a news release from the park.

Aspen Brown’s September 1 discovery “was the second-largest registered by a park guest this year, topped only by a 3.29-carat brown diamond discovered in March,” said the release.

“Brown was visiting the park with her father and grandmother to celebrate her birthday,” the release reads. “Brown picked up a

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Bleu Royal diamond, a gem at the “top of its class,” sells for nearly $44 million at Christie’s auction

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Geneva — An exceptionally rare blue diamond went under the hammer in Geneva Tuesday, selling for almost $44 million, making it one of the most expensive diamonds ever sold at auction, Christie’s said. Weighing 17.61 carats, the Bleu Royal is the largest internally flawless fancy vivid blue gem ever to appear for sale in auction history.

It was the star lot in a series of luxury sales in Geneva this month, which also featured items from film history including pearls worn by Audrey Hepburn and Marlon Brando’s self-engraved watch.

The Bleu Royal had been expected to fetch between $35 million

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When fake news started a diamond rush in Surat

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Gujarat’s Surat saw a manic situation on Sunday after fake news about a trader throwing diamonds on roads began circulating, leading to a diamond rush in the city’s Mini Bazaar area.

As per a report in The Times of India, rumors began to circulate around 9 am on Sunday, with whispers that an unlikely trader had tossed CVD (a type of lab-grown diamond) gems onto the road after they reportedly plummeted by a staggering price 30%.

Word of this potential windfall quickly spread, prompting a rush of people eager to collect the diamonds. However, it was later

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